HL Financial Services LLC boosted its position in Sunoco Logistics Partners LP (NYSE:ETP) by 32.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,866 shares of the pipeline company’s stock after buying an additional 2,419 shares during the period. HL Financial Services LLC’s holdings in Sunoco Logistics Partners were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETP. V Wealth Management LLC purchased a new position in Sunoco Logistics Partners during the second quarter worth about $106,000. Duncker Streett & Co. Inc. raised its position in Sunoco Logistics Partners by 17.9% in the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock worth $106,000 after buying an additional 785 shares during the last quarter. Ledyard National Bank raised its position in Sunoco Logistics Partners by 6.7% in the first quarter. Ledyard National Bank now owns 3,200 shares of the pipeline company’s stock worth $117,000 after buying an additional 200 shares during the last quarter. Oakworth Capital Inc. raised its position in Sunoco Logistics Partners by 121.2% in the second quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock worth $120,000 after buying an additional 3,219 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in Sunoco Logistics Partners by 592.6% in the second quarter. Capital Advisors Ltd. LLC now owns 6,787 shares of the pipeline company’s stock worth $138,000 after buying an additional 5,807 shares during the last quarter. 66.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sunoco Logistics Partners LP (NYSE:ETP) opened at 18.37 on Thursday. Sunoco Logistics Partners LP has a 12 month low of $18.18 and a 12 month high of $31.49. The firm’s 50-day moving average price is $20.16 and its 200-day moving average price is $22.70. The firm’s market capitalization is $20.07 billion.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.21. Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue was up 24.3% compared to the same quarter last year. On average, equities analysts anticipate that Sunoco Logistics Partners LP will post $0.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a $0.55 dividend. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 11.98%. The ex-dividend date was Thursday, August 3rd. Sunoco Logistics Partners’s dividend payout ratio is 440.00%.

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ETP has been the topic of a number of research analyst reports. Citigroup Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of Sunoco Logistics Partners in a report on Thursday, April 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Sunoco Logistics Partners in a report on Friday, April 21st. Stifel Nicolaus raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $25.00 in a report on Tuesday, May 9th. Scotiabank set a $28.00 price target on Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Saturday, May 6th. Finally, Deutsche Bank AG decreased their price target on Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Sunoco Logistics Partners has an average rating of “Buy” and a consensus target price of $31.05.

In other Sunoco Logistics Partners news, Director David K. Skidmore purchased 2,000 shares of the stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the completion of the acquisition, the director now directly owns 45,245 shares of the company’s stock, valued at $881,825.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David K. Skidmore purchased 10,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was acquired at an average price of $18.64 per share, with a total value of $186,400.00. Following the completion of the acquisition, the director now directly owns 45,245 shares of the company’s stock, valued at $843,366.80. The disclosure for this purchase can be found here. Insiders acquired 2,012,000 shares of company stock valued at $39,205,380 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

About Sunoco Logistics Partners

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

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Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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